Sensors to benefit from shift to better automation
June 26, 2012 // Nick Flaherty
New and expanding applications, coupled with the shift to enhanced automation processes and controls, are restoring growth to the global market for proximity and displacement sensors according to new figures from Frost & Sullivan
The report - Analysis of the Proximity and Displacement Sensors Markets - finds that the market for inductive, photoelectric, capacitive, magnetic, ultrasonic and LVDT sensors reached $2.427.5bn in 2011 after negative growth rates in 2009 and estimates the marke to reach $3.048bn in 2018.
“The need for better automation is expected to allow for the conversion from older and less sophisticated controls to state-of-the-art automation,” said V. Sankaranarayanan, Senior Industry Analyst at Frost & Sullivan. “As a result, the number and range of sensors used in equipment is increasing.”
Due to the rising sophistication in manufacturing processes, end-users are demanding more functionality from proximity sensors. Advanced network technologies (CompoNet and IO-Link) and diagnostic capabilities are some of the technical advancements that are also anticipated to boost market prospects.
Growth in mature markets such as Western Europe and North America is expected to be slow. The potential for further growth is limited, as most industrial processes are already using proximity and displacement sensors. In contrast, Asia is becoming progressively more important due to surging production and automation.
“Production in emerging economies, such as China and India, is becoming increasingly automated,” said Sankaranarayanan. “Robust economic growth in these regions is expected fuel the demand for proximity and displacement sensors.”
Proximity sensors find application in almost every industry due to the importance of feedback, underlining the widespread consumer demand for them. In addition to China and India, growth opportunities are also surfacing in other smaller Asian countries that have embarked on a path of economic development.
Keys to success will be emerging network technologies, solutions instead of products, regional growth markets and a successful distribution strategy.
“It is important to offer more than just a sensor; market participants will have to focus on providing complete solutions,” said Sankaranarayanan. “Price pressures will continue to pose a challenge, so vendors will need to constantly advance on the technological front.”
What she sees is what you get
July 06, 2015
360º video is an ongoing experiment, something that's technically feasible, yet whose consumer use-cases are not quite well ...
Private equity makes moves on GaN startup
TSMC overtakes Intel in chip capex ranking
3D fingerprint scanner beats Apple's
Solar powered flight smashes long distance records
Electric double-decker buses lead London's zero emission drive
July 06, 2015
Global electric vehicle leader, the Chinese-based BYD Company Ltd. has been selected to build the next generation of London's ...
Another kind of SUV: High agility at zero local emissions
Biodegradable electronics debut
Power magnetics Lab Kit enters education
- Critical Requirements in High Speed Signal Generation Applications
- The 400XAC Series: Two Major Advantages that Simplify Functional Testing
- A Smart Way to Drive ECU Consolidation
- Autonomous Driving: An Eye on the Road Ahead
InterviewCEO interview: Cadence is about enablement, collaboration
EDA companies are being asked to provide expertise from the circuit- to the system-level observes Lip-Bu Tan, CEO of EDA software vendor Cadence Design Systems Inc. Covering such a breadth of endeavour ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Novelda is giving away two full XeThru Inspiration kits worth 1499 US Dollars each, for EETimes Europe's readers to experiment first hand with its XeThru technology.Based on the use of radio waves, rather than infrared, ultrasound or light, the company's X2M1000 Inspiration modules can detect presence just from the chest movement while breathing, and measure both the rate and... MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.